Microsoft Financial News

Paint Revamp: The old Paint app is getting a generative AI powered upgrade with the Windows 11 Copilot and the Redmond-based company is promising features like AI for drawing and digital creation, background remover and more. Moreover, Microsoft has also announced that Paint Cocreator preview will start rolling out to Windows Insiders users from today while it will be available to general public in the coming days. Cocreator will help users generate unique images by entering a text prompt and selecting a style.

OpenAI is reportedly in talks to sell existing shares in a deal that could catapult its valuation to a staggering $80 to $90 billion, according to unnamed sources cited by both Reuters and the Wall Street Journal. This massive valuation increase comes amidst an AI investment boom, positioning OpenAI as one of the world's most valuable privately-held companies. The surge in valuation would be nearly triple compared to what the firm was worth after a share sale earlier in 2023, according to the Wall Street Journal.

Vedanta: Moody's Investors Service downgraded Vedanta Resources' corporate family rating from Caa1 to Caa2 over elevated risks of debt restructuring over the next few months. With the current downgrade, the outlook remains negative for the parent company of Vedanta.. Infosys: The IT major is partnering Microsoft to enhance enterprise functions with AI-enabled solutions across multiple industries, according to a release.

Vedanta Ratings agency Moody's Investors Service on Tuesday downgraded corporate family rating (CFR) of Vedanta Resources, the parent of Vedanta Ltd, to Caa2. Voltamp Transformers Promoter Kunjal Lalitkumar Patel has offloaded a partial stake in Voltamp Transformers through bulk deals on Tuesday. Signature Global, Sai Silks The shares of Signature Global and Sai Silks will debut on the exchanges today.

A top Apple executive defended the tech giant’s decision to make Google the default search engine on Apple iPhones and Macs, saying there was no “valid alternative

PwC’s global firm knew about the tax leaks scandal unfolding in Australia two years before its local affiliate informed the powerful US regulator that oversees the consulting giant.

By Davit Kirakosyan

Amazon (NASDAQ:AMZN) has been making a remarkable comeback in 2023, with its stock surging by more than 55% since the start of the year, bouncing back from a nearly 50% retreat in 2022.

A top European Union official says the social network X, formerly known as Twitter, is the biggest source of fake news and urged owner Elon Musk to comply with the bloc’s laws aimed at combating disinformation

Infosys Topaz, Azure OpenAI Service and Azure Cognitive Services. “Both organizations are bringing together their respective artificial intelligence (AI) capabilities to enhance enterprise functions with AI-enabled solutions across multiple industries, Infosys said in a statement to the stock exchanges.

By Ankika Biswas and Shashwat Chauhan

PlayStation Direct site or purchase it from authorised retailers. Speaking of the price, Sony is yet to officially announce the price for this bundle.

Jim Cramer coined the acronym FANG in 2013 to describe some of the most prominent companies in the tech sector – Facebook, Amazon, Netflix, and Google. He later included Apple in the group and expanded the acronym into FAANG. Others even replaced Netflix with Microsoft to make it FAAMG.

Creed Mirage m Creed Mirage marking a significant milestone in the history of the series. This release not only marks the triumphant return of the franchise but also represents a return to its classic gameplay roots. Following the release of Assassin's Creed Valhalla nearly three years ago, it became evident that while there was nothing inherently wrong with the RPG title, player interest in Ubisoft's long-standing adventure game had waned. It's important to note that as of now, there is no official confirmation from either Ubisoft or Microsoft regarding Assassin's Creed Mirage coming to Xbox Game Pass. No trailers or listings have hinted at such an inclusion. While this news may be disappointing for Game Pass subscribers, it's essential to remember that the service already boasts a vast library of games, with many more anticipated additions on the horizon.Assassin's Creed Mirage is scheduled for release on October 5 for multiple platforms, including PS5, Xbox Series X|S, PS4, Xbox One, and PC. It's worth mentioning that Ubisoft moved the release date forward by a week from its initial October 12 date, and it will be available at a price of $50 USD, a notable discount compared to the new industry standard of $70. During the recent Apple Wonderlust Event, it was also announced that an iPhone 15 Pro version of Assassin's Creed Mirage is in development and expected to launch in early 2024. This version will mark the first time a mainline Assassin's Creed game runs natively on iOS. With Assassin's Creed Mirage exploring 9th-century Baghdad through the perspective of Basim, the franchise continues its tradition of delving into various historical eras in both European and Middle Eastern history.

Wildfires fueled by climate change have ravaged communities from Maui to the Mediterranean this summer, killing many people, exhausting firefighters and fueling demand for new solutions

Guggenheim analysts upgraded Microsoft (NASDAQ:MSFT) shares to Neutral from Sell. Therefore, there are no more sell-side analysts that rate Microsoft with a Sell or equivalent rating.

Microsoft's attempt to buy video game firm Activision Blizzard, the maker of «Call of Duty», paving the way for the US tech titan to close one of the biggest technology acquisitions ever. Microsoft launched its blockbuster $69-billion takeover in January last year, an acquisition that would make it the world's third-largest gaming company by revenue, but it faced stiff scrutiny from US regulators and the UK's Competition and Markets Authority.

ChatGPT maker OpenAI said on Monday that it was possible to get regulation wrong but it is important and should not be feared, amid global concerns about rapid advances in artificial intelligence, or AI. Many countries are planning AI regulation, and Britain is hosting a global AI safety summit in November, focusing on understanding the risks posed by the frontier technology and how national and international frameworks could be supported.

Amazon.com on Monday said it will invest up to $4 billion in cash in the high-profile startup Anthropic, in its effort to compete with growing cloud rivals on artificial intelligence. Amazon's employees and cloud customers will gain early access to technology from Anthropic as part of the deal, which they can infuse into their businesses. The San Francisco-based startup also committed to rely primarily on Amazon's cloud services, including training its future AI models on large quantities of proprietary chips it would buy from the online retailing and computing giant.

Updater Services, a provider of facility management services to corporates, plans to raise ₹640 crore from its initial public offering (IPO). Of this, ₹400 crore will be raised from fresh issuance of shares that would be deployed to repay loans and enhance its working capital and the balance includes an offer of sale (OFS) by promoters and a private equity investor.Promoter holding will drop to 58.5% after the IPO from 80.5%.

Thailand's Prime Minister Srettha Thavisin said on Sunday the country expected to receive investment of at least $5 billion from Tesla, Google and Microsoft. «Tesla would be looking into an EV manufacturing facility, Microsoft and Google are looking at data centres,» he said, without detailing whether the $5 billion was expected to be a combined investment or made individually by each company.